If Workers Respond to an Increase in the Opportunity Cost

question 260

Multiple Choice

If workers respond to an increase in the opportunity cost of leisure by taking more leisure,then their labor supply curve is

• A) upward sloping.
• B) backward sloping.
• C) horizontal.
• D) vertical.

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Definitions:

Convergence

The trend of blending together different technological systems, media platforms, or industries into a cohesive, unified experience.

Physical Devices

Physical Devices relate to the hardware components of a computer system or network, including everything from the central processing unit and memory to peripherals like keyboards and printers.

Mobile Computing

Refers to the use of portable computing devices, such as smartphones and tablets, in conjunction with mobile communication technologies to enable users to access the internet, networks, and applications while on the move.

Mobile Commerce

The buying and selling of goods and services through wireless handheld devices such as smartphones and tablets.